Norfolk Southern Corporation (NSC) To Go Ex-Dividend on August 7th

Norfolk Southern Corporation (NYSE:NSC – Get Free Report) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, August 7th will be given a dividend of 1.35 per share by the railroad operator on Thursday, August 20th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 7th.

Norfolk Southern has raised its dividend payment by an average of 0.1%annually over the last three years. Norfolk Southern has a payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Norfolk Southern to earn $13.43 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 40.2%.

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Norfolk Southern Stock Performance

Shares of NSC stock opened at $331.52 on Thursday. The stock has a fifty day moving average price of $316.07 and a 200 day moving average price of $305.42. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.91. The stock has a market cap of $74.46 billion, a PE ratio of 27.93, a P/E/G ratio of 6.06 and a beta of 1.27. Norfolk Southern has a 1 year low of $268.23 and a 1 year high of $342.53.

Norfolk Southern (NYSE:NSC – Get Free Report) last posted its earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.Norfolk Southern’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 earnings per share. Sell-side analysts forecast that Norfolk Southern will post 12.24 earnings per share for the current fiscal year.

Norfolk Southern Company Profile

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Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.

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